Example ContractsClausesGrant to Participant
Grant to Participant
Grant to Participant contract clause examples

Participant. Subject to [Section 12.6(d)], payment to a Participant of the Participant’s Settlement Benefit will be in the Normal Form, unless the Participant elects payment in the form of a Lump Sum using the process required by the Plan, or if the Participant is married on the payment commencement date, in the form of a Lump Sum, in the form of a Single Life Annuity that is the Actuarial Equivalent of the Participant's Settlement Benefit or in the form of a Qualified Joint and 50% Survivor Annuity that is the Actuarial Equivalent of the Participant’s Settlement Benefit payable as a Single Life Annuity, if the requirements of Sections 12.7 and 12.8 are met. In the case of a Participant who was an Employee on June 14, 2019, his or her Settlement Benefit shall be paid as provided in [Section 12.6(d)]. Notwithstanding the foregoing provisions of this [Section 12.6(a)], if the Settlement Benefit of a Participant (other than a Mixed Benefit Participant and other than a Participant described in [Section 12.6(d)]) is $5,000 or less, payment of such a Participant’s Settlement Benefit will be in the form of a Lump Sum.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, # each Restricted Stock Unit represents the right to receive one (1) share of Stock upon vesting of such Restricted Stock Units, # unless and until the Restricted Stock Units have vested in accordance with the terms of this Agreement, the Participant shall not have any right to delivery of the shares of Stock underlying such Restricted Stock Units or any other consideration in respect thereof and # each Restricted Stock Unit that vests shall be paid to the Participant within thirty (30) days following the date that the Restricted Stock Unit vests or the date(s) set forth in [Sections 3.1 and 3.2]2], as applicable.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, each Restricted Stock Unit represents the right to receive one (1) share of Stock in respect thereof that shall be paid to the Participant within thirty (30) days following the earlier to occur of # a change of control (as defined in the Company’s Change of Control Policy for Executive Officers, as amended from time to time, provided such change of control meets the definition of a change in control event for purposes of [Section 409A] and # the third anniversary of the Effective Date.

Participant. The term “Participant” for purposes of this Plan means for each Fiscal Year each individual who is designated as such by the Committee under § 3.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, # each Restricted Stock Unit represents the right to receive one (1) share of Stock upon vesting of such Restricted Stock Units, # unless and until the Restricted Stock Units have vested in accordance with the terms of this Agreement, the Participant shall not have any right to delivery of the shares of Stock underlying such Restricted Stock Units or any other consideration in respect thereof and # each Restricted Stock Unit that vests shall be paid to the Participant within thirty (30) days following the date that the Restricted Stock Unit vests or the date(s) set forth in [Sections 3.1 and 3.2]2], as applicable.

Participant. A Participant is any Outside Director or former Outside Director who has an Account balance in the Plan.

Participant. Participant means an Eligible Employee who has received notification of his or her eligibility to defer Compensation under the Plan under Section 3.1 and any other person with an Account Balance greater than zero, regardless of whether such individual continues to be an Eligible Employee. A Participant’s continued participation in the Plan shall be governed by Section 3.2 of the Plan.

Participant. “Participant” shall have the meaning set forth in [Section 3.4].

Participant. Participant shall mean an Employee or Director who has been granted an Award.

Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this Agreement, an award of ​ Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, each Restricted Stock Unit represents the right to receive one (1) share of Stock in respect thereof that shall be paid to the Participant in accordance with the following schedule: 25% of the Restricted Stock Units shall be paid on each of the first four (4) anniversaries of the Effective Date; provided, however, that payment of any unpaid portion of the Restricted Stock Units shall accelerate and become immediately payable within thirty (30) days following the occurrence of # a change of control (as defined in the Company’s Change of Control Policy for Executive Officers, as amended from time to time, provided such change of control meets the definition of a change in control event for purposes of [Section 409A] or # the termination of the Participant’s employment for any reason.

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